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Breaking News Summary

The cryptocurrency market today shows a coexistence of divergence and structural opportunities. 🔥 The BNB Foundation completed its 34th quarterly burn, worth $1.277 billion, with the deflationary mechanism continuously strengthening its value support; BNB Chain also announced plans to expand project support and acquire more assets, indicating clear intentions for ecosystem expansion. 🪙 BNB price is boosted by this, and is expected to remain strong. On the other hand, institutionalization is accelerating: Galaxy launched tokenized CLO on Avalanche and received a $50 million allocation from Grove; the London Stock Exchange Group introduced a blockchain-based 24/7 tokenized bank deposit settlement platform, demonstrating that traditional finance is accelerating its embrace of blockchain technology, injecting long-term confidence into the market. 🚀 The number of ETH waiting to join the Ethereum PoS network has exceeded 2.55 million (approximately $8.59 billion), with strong staking demand providing solid support for ETH prices. However, market sentiment is also divided: MilkyWay Protocol announced it is ceasing operations, and some high-leverage traders (such as HYPE long positions closing with a loss of $7.18 million) experienced losses, indicating that market volatility risks still exist. Overall, funds are rapidly rotating between mainstream coins and emerging projects, with regulation and macro environment remaining key variables. The current market is in a sideways upward phase, with major cryptocurrencies supported by fundamentals, but short-term profit-taking pressure should be watched carefully.